The prices are in bearish trend in short term , so plan accordingly. But you need to keep some points in mind for making any decision.
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Positive Points , as on chart it looks bearish so let us check some funda points.
1) Stock is trading on lower PE than its pears
2) Voltas is a leading company in it's segment
3) Voltas is also have a global presence
4) The overall demand is increasing by a decent rate , due to which the industry PE is at 70 , so for long term investors are ready to pay at high prices
5) The company is almost debt free
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Negative Points related to it
1) Stock Price chart shifted in bearish zone as we can see a decent inverted flag formation at crucial support zone.
2) The bad part of the story is that overall market is rising but this share is not participating
3) Trading below it's 200 day moving average
4) RSI is below 40
5) MACD is also in red zone
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Note : If you have a long term position so , do not average , you can HOLD this stock but for short term you should be ready for the pain.
For short term play , after breakdown we can bet for a short term play. Manage your risk by taking small SL , in case of big breakdown rally potential reward can be unlocked.
+++++++++++++++++++++
Positive Points , as on chart it looks bearish so let us check some funda points.
1) Stock is trading on lower PE than its pears
2) Voltas is a leading company in it's segment
3) Voltas is also have a global presence
4) The overall demand is increasing by a decent rate , due to which the industry PE is at 70 , so for long term investors are ready to pay at high prices
5) The company is almost debt free
-----------------------------
Negative Points related to it
1) Stock Price chart shifted in bearish zone as we can see a decent inverted flag formation at crucial support zone.
2) The bad part of the story is that overall market is rising but this share is not participating
3) Trading below it's 200 day moving average
4) RSI is below 40
5) MACD is also in red zone
====================
Note : If you have a long term position so , do not average , you can HOLD this stock but for short term you should be ready for the pain.
For short term play , after breakdown we can bet for a short term play. Manage your risk by taking small SL , in case of big breakdown rally potential reward can be unlocked.